Srilanka, Feb. 13 -- Sri Lanka's vehicle tax structure has come under renewed scrutiny, with tax experts warning that the imposition of the value added tax (VAT) on top of an already VAT-inclusive excise duty has resulted in a "tax on tax" scenario, making the system unfair and unnecessarily burdensome. Tax professionals this week highlighted that the composite excise tax structure, introduced in 2014, already includes a 12 percent VAT component within it. However, with the government's recent tax revisions, an additional 18 percent VAT is now being imposed on vehicle imports, compounding the overall tax burden. "The excise duty should have been revised downward to account for the VAT already included," said KPMG Sri Lanka Principal Tax ...